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Use the attached information about XYZ Company to answer questions 2-4: XYZ Company.pdf QUESTION 2: Construct a statement of financial position (balance sheet) for XYZ
Use the attached information about XYZ Company to answer questions 2-4: XYZ Company.pdf QUESTION 2: Construct a statement of financial position (balance sheet) for XYZ Company for both 2017 and 2018. Use three columns: The left column should list the relevant accounts that appear on the balance sheet, the middle column should show the appropriate values for each account in 2017 and the right column should show the appropriate values for each account in 2018. + Drag and drop an image or PDF file or click to browse Chuo XYZ COMPANY (use this information to answer Q2-4) 2017 2018 Cash 500 700 Cost of Goods Sold 200 550 Debt (long-term) 6800 6700 Depreciation (on PPE) 200 100 Distribution Expense 500 400 Dividends 400 400 Interest Expense 350 300 Investments (short-term) 2800 2400 Payables 1600 1250 Power, Plant, Equipment 5200 4500 Receivables 100 550 Revenues 1450 1500 Share Capital 200 Taxes 75 50 PPE is net of accumulated depreciation since the assets were installed. ** Includes federal and provincial combined. 200
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